Deutsche bank REO Update – I Did It!
Please Note : You are reading Blog #2 in a series of articles about Deutsche Bank. Please review the other articles, as they may answer any other questions you may have that this particular articles does not cover.
Part #1 The long search for a deal
Part #2 I Did It!
Part #3 How to Contact Deutsche Bank’s REO Department
Part #4 Other Notes About Deutsche Bank
Well , it seems like I “Finally” Cracked the Deutsche bank REO Code….I didn’t realize how LONG of a process it was to find out who is servicing a Deutsche bank REO.
If you’ve ever looked for a Deutsche REO property , you very well may of run into a brick wall it seems. That’s the same position I had till I had the 5th person call me on the phone about my various blog posts about THIS specific bank.
If you’d like to know the who to call (And it’s only a few phone calls) to find out more information on that special REO property. Give me an email at brandon.schlichter@realliving.com and I’ll not only give you the information , but HELP you out!
Now that I’ve got THAT out of the way ,here’s how my story ends, or at-least is to this day.
The DB Asset that I’d been dealing with that was purchased from INDYMAC bank last month was BACK at INDYMAC’s REO division. I found out it wasn’t REO yet , but a non-performing loan. Now that I know it is currently a non-performing loan, it’s much easier to deal with than the long drawn out process of trying to find a website with information.
Lessons Learned that you can benefit from.
#1 DB Does NOT have a website that lists their foreclosures
#2 DB Does sell REOs to buyers directly, but there are HUGE pitfalls to this
#3 (I already knew this) CONSULT THE APPROPRIATE PROFESSIONAL, otherwise when dealing with these the wrong way you can end up in much debt.
#4 Calling a bank and waiting for hours is tedious, but the prize at the end may well be worth it.
I’ll be posting more information about this later, and maybe the contact information for DB as well. Unfortunately , to explain it all I have to type MUCH more than is in either DB Post.
Are you looking for a list of Foreclosures/REOs If you are, I have a MASSIVE database of REO specialists all over the US that would love to give you a real-time list of what’s available in your area. Send me an email at Brandon.Schlichter@RealLiving.com and I’ll set you up with a Licensed Professional that will help.
Thanks for reading!
Brandon E. Schlichter
HER Real Living
Circleville, Ohio
740-571-1606
brandon@realestatecircleville.com
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could use help to contact deutsche reo regarding property in garden city mi thanks leo
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[...] #1 The long search for a deal Part #2 I Did It! Part #3 How to Contact Deutsche Bank’s REO Department Part #4 Other Notes About Deutsche [...]
I would like the REO phone number and extention number. I am interested in a house Deutsche Bank owns in Kentucky. Thanks for the information, great blog!!